In economics, what is meant by investment?
What will be an ideal response?
Investment is new capital additions to a firm's capital stock.
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Economic growth is_____________ improved health conditions in a nation.
A. always needed for B. not necessarily needed for C. always more important than D. negatively related to
In an Israeli factory, each worker can produce 2/5 of a shirt in an hour or 1/10 of a pair of pants in an hour. If there are 500 workers in the factory, what is opportunity cost of producing one pair of pants?
a. 1 shirt b. 4 shirts c. 1/2 shirt d. 1/4 shirt e. 2 shirts
If the relative price of one unit of good X is 5 units of good Y, then it follows that the absolute price of good X can be __________ and the absolute price of good Y can be __________
A) $20,000; $10,000 B) $40,000; $8,000 C) $30,000; $5,0000 D) $5,000; $40,000 E) a and c
___ is Delineating the steps involved in taking potential purchasers from unawareness of a product to readiness to purchase it
Fill in the blank(s) with the appropriate word(s).